mutual savings bank conversions

For a dozen years, I’ve attended events like NAFCU’s Congressional Caucus and CUNA’s Governmental Affairs Conference. Every year, wise members of Congress play to their audience, smile and shake hands. If there were babies there to kiss at a credit union conference, they’d be doing that too. Politicians stay politicians...

For the time being, credit union concerns in Virginia and elsewhere over companion bills in the state Senate and House enabling banks to buy and merge credit unions have eased following committee action leading to likely passage.